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ANNOUNCEMENT.
URA Holdings
plc
("URA" or
the "Company")
Operational
Update
URA Holdings (LSE: URAH), the
gemstone mining company focused on the imminent production phase of
the Gravelotte Emerald Mine ("GEM"), is pleased to announce the
arrival of its optical sorter at the GEM mine in South Africa. This
event marks an important step in the mine's transition to
operational status.
The state-of-the-art optical sorter,
manufactured by Angelon Electronics Co Ltd, and packaged and
shipped, in two 40-foot containers, has successfully arrived at
site and is currently being offloaded. URA is collaborating
closely with the technical team from Angelon who will travel to
site to assist with the final assembly checks and commissioning of
the optical sorter. Further updates will be provided as
installation and commissioning proceeds.
Edward Nealon, Chairman of URA, commented:
"We are pleased to announce
that the optical sorter has arrived on site at the Gravelotte Mine
in South Africa. Our team will now begin to assemble the optical
sorter, its conveyor belts systems, bins and other components
before commissioning. We believe we are now on track towards
achieving first production within the next
2-3months."
Figure 1. First container with
optical sorter and components arriving at site.
Figure 2. Lowbed trucks with
containers getting ready for offloading at the processing and
sorting facility.
Figure 3. Main sorter unit offloaded
in front of processing and sorting facility.
The Directors of the Company take
responsibility for this announcement.
Enquiries:
|
URA Holdings
plc
Chief Executive Officer
Bernard Olivier
Director
Peter Redmond
Chief Operating Officer
Jeremy Sturgess-Smith
|
+44 (0)746
368 6497
info@uraholdingsplc.co.uk
|
|
Peterhouse Capital Limited
Joint Corporate Broker
Lucy Williams
Duncan Vasey
Capital Plus Partners
Joint Corporate Broker
Keith Swann
Jon
Critchley
|
+44 (0)20
7469 0930
+44 (0)203
821 6169
+44 (0)203
821 6168
|
|
CMC
Markets
Joint Corporate Broker
Douglas Crippen
|
+44 (0)20
3003 8632
|
About URA Holdings Plc
URA Holdings Plc is focusing on restarting the Gravelotte Emerald
Mine, also known as the Cobra Emerald Mine, located in the Limpopo
Province of South Africa.
Below is a summary highlighting its
key aspects:
Historical Significance and Production:
Operational History: Active
from 1929 to 2002, historically one of the world's largest emerald
mines.
Historical Production: Produced
nearly 113 million carats of emeralds, making a substantial
contribution to the global emerald market.
Resource Estimates and Potential:
Maiden Mineral JORC
Resource
Estimate: URA Holdings established
an independent JORC Resource
estimate of 29 million carats of contained emerald
in two open-pit deposits.
Additional JORC
Exploration
Targets: Identified 12 exploration
targets, with potential ranging between 168 million and 344 million
carats.
Current Status and Plans:
Infrastructure and Readiness: The mine comes with existing infrastructure, recently
refurbished and upgraded in preparation for
the restart of mining
operations.
Strategic Plans: URA aims to
restart mining operations, utilizing modern technologies and
practices during H1 2024.
Market and Economic Considerations:
Global Emerald Market: Steady
growth in demand for luxury goods, including high-quality
gemstones.
Demand: Increased interest in
coloured gemstones, including emeralds and sustainable, ethically
sourced minerals.
For more information about URA
Holdings Plc, including investor relations and corporate news,
please visit our website at www.uraholdingsplc.co.uk
or follow us through our social media
channel:
X(formally known as Twitter):
@ura_plc
